The global leader in computer chips, televisions and smartphones said it would shift most of its existing DRAM production capacity to 10-nano chips in 2018.

This “aggressive” production expansion would “accommodate strong market demand,” said Gyoyoung Jin, president of Memory Business at Samsung Electronics.

With the appointment of a new generation of top managers in its three main businesses including semiconductors in late October, the South Korean company said it was not looking to expand chip shipments immediately but was investing to maintain longer-term market position.